CAE Inc. (CAE) Reaches New 52-Week High at $14.37
CAE Inc. (NYSE:CAE) reached a new 52-week high on Thursday . The company traded as high as $14.37 and last traded at $14.24, with a volume of 52,952 shares changing hands. The stock had previously closed at $14.23.
CAE has been the topic of a number of research analyst reports. TD Securities restated a “buy” rating and issued a $19.00 price target on shares of CAE in a research note on Thursday, August 11th. Desjardins reiterated a “buy” rating and set a $21.00 price objective (up previously from $20.00) on shares of CAE in a research report on Saturday, August 13th. TheStreet upgraded CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, June 8th. Zacks Investment Research upgraded CAE from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, July 19th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $18.00 price objective (up previously from $17.00) on shares of CAE in a research report on Saturday, August 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.78.
The stock has a 50 day moving average of $13.58 and a 200-day moving average of $12.28. The company has a market cap of $3.88 billion and a P/E ratio of 19.73.
CAE (NYSE:CAE) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The business earned $651.60 million during the quarter, compared to analysts’ expectations of $464.69 million. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. On average, equities research analysts anticipate that CAE Inc. will post $0.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.0607 dividend. The ex-dividend date is Tuesday, September 13th. This is a boost from CAE’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.68%.
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